Analysts Set Global Net Lease, Inc. (NYSE:GNL) PT at $9.50

Global Net Lease, Inc. (NYSE:GNL) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $9.50.

A number of analysts have weighed in on GNL shares. Citizens Jmp raised shares of Global Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. JMP Securities raised shares of Global Net Lease from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a research report on Tuesday, December 17th. Finally, Truist Financial reduced their price objective on shares of Global Net Lease from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Friday, November 29th.

Global Net Lease Stock Down 1.2 %

GNL stock opened at $7.12 on Wednesday. The firm has a 50-day moving average price of $7.20 and a 200-day moving average price of $7.83. Global Net Lease has a 12 month low of $6.52 and a 12 month high of $9.10. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $1.64 billion, a P/E ratio of -7.57 and a beta of 1.34.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, January 13th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 15.46%. The ex-dividend date was Monday, January 13th. Global Net Lease’s dividend payout ratio (DPR) is presently -117.02%.

Institutional Investors Weigh In On Global Net Lease

Several large investors have recently made changes to their positions in GNL. Northern Trust Corp increased its holdings in Global Net Lease by 26.3% in the 4th quarter. Northern Trust Corp now owns 2,612,357 shares of the financial services provider’s stock worth $19,070,000 after acquiring an additional 544,719 shares during the last quarter. Beacon Pointe Advisors LLC grew its holdings in Global Net Lease by 82.0% during the 4th quarter. Beacon Pointe Advisors LLC now owns 48,475 shares of the financial services provider’s stock valued at $354,000 after buying an additional 21,845 shares in the last quarter. Coldstream Capital Management Inc. purchased a new position in Global Net Lease during the 4th quarter valued at about $73,000. Syon Capital LLC grew its holdings in Global Net Lease by 155.7% during the 4th quarter. Syon Capital LLC now owns 43,484 shares of the financial services provider’s stock valued at $317,000 after buying an additional 26,481 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Global Net Lease by 16.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 147,400 shares of the financial services provider’s stock valued at $1,077,000 after buying an additional 21,052 shares in the last quarter. 61.19% of the stock is owned by hedge funds and other institutional investors.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.